The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico MEGA Millions Jackpot/Cash Option for Fri Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(5.9%) | $5,339,500 | | Net Lumpsum Payment | $51,715,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$176,714 |
$1,749,899 |
| 2 |
$3,144,996 |
$1,123,979
$185,555 |
$1,835,462 |
| 3 |
$3,302,206 |
$1,182,147
$194,830 |
$1,925,229 |
| 4 |
$3,467,376 |
$1,243,260
$204,575 |
$2,019,541 |
| 5 |
$3,640,705 |
$1,307,391
$214,802 |
$2,118,512 |
| 6 |
$3,822,790 |
$1,374,763
$225,545 |
$2,222,482 |
| 7 |
$4,013,830 |
$1,445,447
$236,816 |
$2,331,567 |
| 8 |
$4,214,621 |
$1,519,740
$248,663 |
$2,446,218 |
| 9 |
$4,425,362 |
$1,597,714
$261,096 |
$2,566,552 |
| 10 |
$4,646,650 |
$1,679,591
$274,152 |
$2,692,907 |
| 11 |
$4,878,883 |
$1,765,517
$287,854 |
$2,825,512 |
| 12 |
$5,122,857 |
$1,855,787
$302,249 |
$2,964,821 |
| 13 |
$5,378,970 |
$1,950,549
$317,359 |
$3,111,062 |
| 14 |
$5,648,018 |
$2,050,097
$333,233 |
$3,264,688 |
| 15 |
$5,930,399 |
$2,154,578
$349,894 |
$3,425,927 |
| 16 |
$6,226,909 |
$2,264,287
$367,388 |
$3,595,234 |
| 17 |
$6,538,145 |
$2,379,444
$385,751 |
$3,772,950 |
| 18 |
$6,865,102 |
$2,500,418
$405,041 |
$3,959,643 |
| 19 |
$7,208,377 |
$2,627,430
$425,294 |
$4,155,653 |
| 20 |
$7,568,766 |
$2,760,774
$446,557 |
$4,361,435 |
| 21 |
$7,947,264 |
$2,900,818
$468,889 |
$4,577,557 |
| 22 |
$8,344,667 |
$3,047,857
$492,335 |
$4,804,475 |
| 23 |
$8,761,771 |
$3,202,186
$516,944 |
$5,042,641 |
| 24 |
$9,199,969 |
$3,364,319
$542,798 |
$5,292,852 |
| 25 |
$9,659,858 |
$3,534,478
$569,932 |
$5,555,448 |
| 26 |
$10,143,030 |
$3,713,251
$598,439 |
$5,831,340 |
| 27 |
$10,650,082 |
$3,900,861
$628,355 |
$6,120,866 |
| 28 |
$11,182,606 |
$4,097,895
$659,774 |
$6,424,937 |
| 29 |
$11,741,796 |
$4,304,795
$692,766 |
$6,744,235 |
| 30 |
$12,328,846 |
$4,522,003
$727,402 |
$7,079,441 |
|
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